USD/JPY – 16.08.2024
![USD/JPY – 16.08.2024](https://assets.iorbex.com/blog/wp-content/uploads/2024/08/16155707/USDJPY-chart-16.08.2024-750x430.png)
USDJPY moved higher yesterday on economic figures and managed to test the resistance of 149.30-50.
As we see over the Intraday chart, the market is facing support around 147.80. If prices hold above it, an advance could move toward 149.30-50.
Below 147.80 there is a chance for a further drop to test 146.30.
Below 146.30 more of a drop toward 145.50 and 144.00 is expected.
Above 149.50, prices could push towards 151.80.
SUPPORT | RESISTANCE | |
LEVEL1 | 147.80 | 149.30-50 |
LEVEL2 | 146.30 | 151.80 |
LEVEL3 | 145.50 | 155.20 |
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